Angola: Natural Polymers Market 2024

Natural Polymers Market Size in Angola

The Angolan natural polymers market fell modestly to $X in 2021, declining by -4.3% against the previous year. Overall, consumption saw a slight decrease. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Natural Polymers Production in Angola

In value terms, natural polymers production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 72%. Natural polymers production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Natural Polymers Exports

Exports from Angola

In 2021, approx. X tons of natural and modified natural polymers in primary forms were exported from Angola; growing by 211% against the year before. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 740%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, natural polymers exports skyrocketed to $X in 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,062% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Congo (X tons), the UK (X tons) and Namibia (X tons) were the main destinations of natural polymers exports from Angola, with a combined 61% share of total exports. The Netherlands, the United Arab Emirates, Mozambique and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +194.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural polymers exported from Angola were the UK ($X), the Netherlands ($X) and the United Arab Emirates ($X), together comprising 76% of total exports. These countries were followed by Congo, Mozambique, Namibia and Democratic Republic of the Congo, which together accounted for a further 22%.

Mozambique, with a CAGR of +163.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average natural polymers export price stood at $X per ton in 2021, rising by 167% against the previous year. In general, the export price continues to indicate prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.6%), while the prices for the other major destinations experienced a decline.

Natural Polymers Imports

Imports into Angola

In 2021, purchases abroad of natural and modified natural polymers in primary forms was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 when imports increased by 121% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, natural polymers imports surged to $X in 2021. In general, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by 102%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and Portugal (X tons) were the main suppliers of natural polymers imports to Angola, together accounting for 77% of total imports. These countries were followed by Ghana, Egypt, the United States, Germany, the UK and Belgium, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +45.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), France ($X) and Germany ($X) were the largest natural polymers suppliers to Angola, with a combined 50% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +10.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average natural polymers import price stood at $X per ton in 2021, increasing by 15% against the previous year. In general, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 15% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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